Alternative Bridging Corporation has launched a new subsidiary, Alternative Commercial Mortgages (ACM), providing a range of long-term commercial mortgage products for brokers and their clients across commercial, semi-commercial and residential buy-to-let properties.
The launch extends Alternative Bridging Corporation’s specialist property-finance proposition into longer-term commercial funding.
Available for purchase, refinance and capital raising, ACM offers terms from five to 30 years and loans up to 75% LTV, with fixed and discounted variable rate options and interest-only repayment available.
The loans cover a wide variety of property types, including offices, industrial and warehouse units, retail and mixed-use premises, as well as residential investments.
Brokers will have access to ACM’s broker portal, giving them a simple way to submit and manage cases, helping them to support and keep clients informed throughout the application process.
The ACM service proposition has been designed around dedicated broker relationships. A team of regionally based IBDMs will work with brokers from application to drawdown, providing an ongoing personal point of contact and support.
Jonathan Rubins (pictured), director and chief commercial officer at Alternative Bridging Corporation, said: “Commercial-term lending doesn’t need to be complicated. Brokers can be faced with numerous product options and conditions, which can make it difficult to establish quickly what a lender can and cannot do for their client.
“We’ve designed ACM to remove as much of that complexity as possible. The proposition combines straightforward product options with flexible underwriting and clear communication, so brokers can get the answers they need and greater certainty from the outset.
“We’re bringing the same practical, case-by-case approach that brokers know from Alternative Bridging into longer-term commercial lending. We want ACM to give brokers a simpler way to place commercial loans, backed by people who understand property and property finance and are on call whenever they are needed.”
